Editor's Note: This article comes fromChain News ChainNews (ID: chainnewscom), published with permission.

Editor's Note: This article comes from

Chain News ChainNews (ID: chainnewscom)

• Chain News ChainNews (ID: chainnewscom)

• , published with permission.

Living in the cryptocurrency world, the most indispensable thing is data, and the most lacking thing is also data.

This sounds like a paradox, but think about it this way: the public nature of the blockchain means that data on the chain is readily available, such as:

You must be wondering how many Bitcoin transactions have exceeded $100,000 other than mainstream stablecoins?

You must be wondering what is the liquidation price of each ETH mortgage loan on the mainstream lending platform?

In fact, the answers to these questions are all in the data on the chain, but it is not easy to answer them. The answer to any other similar question is the same, and the answer is stored in thousands of nodes around the world, so the only way to get the answer is to know how to find the relevant information correctly.

Dune Analytics

Without the right tools, digging into this public, low-hanging fruit encrypted data can be like looking for a needle in a haystack.

In the traditional financial field, analysts or other professionals can use market data analysis tools such as Bloomberg Terminal, S&P Cap IQ, and Factset to obtain and analyze these data. After decades of market refinement, these tools have penetrated into all aspects of the financial industry, not only providing professionals with the various analysis methods they need, but also helping them make the most accurate investment judgments.

However, in the cryptocurrency industry, it is not easy to obtain professional data analysis tools. Some encrypted data and analytics providers are unprofessional start-ups that can only rely on continuous learning of new methods to meet user needs. Suffice it to say, many of the best analytics tools have not been available until recent months, so industry players may not have a deep understanding of how to use these products. As these companies continue to carve out their own niches, it becomes increasingly important for professionals to understand the associated encrypted data tools and how to use them to suit their needs.

Come, let us take a look at which tools can provide the best support and assistance for cryptocurrency investors, especially for the DeFi field.https://explore.duneanalytics.com/dashboard/dex-metrics

Undoubtedly, Dune Analytics is by far the most used analytics website by cryptocurrency analysts, offering a number of pre-processed data analysis dashboards that can reveal a large number of key indicators needed to assess the health of the industry.https://explore.duneanalytics.com/dashboard/maker-dao---mcd

Lianwen recently reported that Dune Analytics completed a $2 million seed round of financing led by blockchain investment fund Dragonfly Capital at the end of September. Other leading venture capital institutions, such as Multicoin Capital, Hashed, Semantic Ventures, Digital Currency Group, Coinbase Ventures, Alameda Research and others participated in the round, as did a host of angel investors including CoinGecko and Aave founder Stani Kulechov.https://explore.duneanalytics.com/dashboard/0x-trading-activity

Each section of the Dune Analytics dashboard allows you to grasp the latest trends in the cryptocurrency industry, such as DEX indicators, from which you can understand the future development trends of the encryption industry. In addition, Dune Analytics has a number of project-specific dashboards to help users conduct deeper analysis. Projects such as Maker, Compound, and 0x all have specific dashboards.

Decentralized exchange performance:

MakerDAO's Dashboard:

0x Dashboard:

If you can't find what you're looking for on Dune Analytics, don't worry. You will not be limited by the dashboard provided by default at all, as long as you have a little knowledge of the SQL database language, you can directly query the entire Ethereum blockchain data and explore more data analysis possibilities.

Of course, mastering the SQL database language is not an easy task, and it may take a few weeks for a crypto industry analyst with no programming experience at all.

Nansen

If you get all this right, you can get almost all the data on the chain.

The image below is an example of a tool created by Messari. This dashboard tracks the supply information of the Bitcoin anchor currency WBTC in the DeFi field.

• Dune Analytics even provides many niche market data query services. For example, you can analyze the purchase and sale transactions of holders during the sale of HEGIC tokens, and then infer the potential market behavior of investors.

• Dune Analytics is actually a very open platform with a large and growing community. As more and more analysts use Dune Analytics to create analytical charts and dashboards, network effects will gradually become apparent, and rich cryptocurrency data collections will become more valuable to other users, which in turn attracts more Multiple people use the platform.

• Nansen can be regarded as an on-chain analysis tool that almost any DeFi practitioner needs to use. It is somewhat similar to Dune Analytics. It's not as big as you think).

• The biggest advantage of Nansen is that it provides analysts with a multifunctional tracking tool, which they named "Token God Mode" (Token God Mode). But the name is not an exaggeration, as analysts can use this tool to gain a comprehensive understanding of almost all ERC-20 token behavior, including:

• ……

Historical supply of centralized exchange tokens;

Historical supply of decentralized exchange tokens;

number of unique addresses;

Token Terminal

The account balance of the largest token holder.

For anyone who wants to do proper due diligence on a crypto coin and be fully informed about the coin, the information provided by Nansen will give you a good idea of ​​the coin market trends and also know where the coin is , How to conduct mass sales.

Another highly versatile tool Nansen has launched is a "wallet profiler": Wallet Profiler, which allows analysts to view the behavior of any wallet address.

It's worth mentioning that using Nansen tools may give you a sense of peeking into the portfolios of Warren Buffett and Ray Dalio (founder of Bridgewater Associates), and you no longer have to refresh Twitter news every day to find out Industry trends, because now you can know the trends of key projects in the cryptocurrency market by yourself.

In the new wave of DeFi token craze, the role played by tokens seems to be more and more like equity on their respective networks, so cryptocurrency market practitioners may also seek to choose some tried-and-true tokens when analyzing these tokens. traditional method. At present, a traditional analysis method is to look at the "revenue" generated by the DeFi agreement-of course, although the definition of "DeFi revenue" in the market is controversial, it is generally recognized as the total fee paid (regardless of Whether these fees are paid to liquidity providers or token holders).

DeFi Pulse

On the other hand, the "DeFi revenue" metric does provide a measure of the total amount of economic activity flowing through the relevant protocols, and it also gives people an idea of ​​how much value token holders may be getting.

Etherscan

Token Terminal is very unique in providing revenue data of DeFi protocols.

• If we take a closer look at the Token Terminal tool, we will find that it is actually possible to create relative evaluation indicators based on "DeFi revenue" data, such as benchmarking "DeFi revenue" with the market value of tokens.

• However, given the variability and lack of predictability of the DeFi industry, it is too early to use Token Terminal directly for investment decisions, but nevertheless, this tool can help DeFi users generalize the "protocol revenue" indicator Compare.

• In the English-speaking world, DeFi Pulse's total lock-up volume indicator has become a "weather vane" for assessing the size of the industry. This indicator is a ranking of data obtained by summarizing the value of all DeFi locked collateral. Given the variety of DeFi collateral types that can be used, there are some nuances to consider when looking at the total locked volume metric. Regardless, the metric has become the DeFi industry standard and helps gauge user confidence in a DeFi protocol’s security and potential profitability.

• Etherscan is a proven Ethereum block explorer and one of the most widely used block explorers on the market today, it provides users, researchers and developers with a variety of functions, some of the core functions include :

• View the current transaction status on the chain;

• View relevant historical transactions;

• View the information of the person with the highest currency holdings of a certain token;

Highlight the gas fee you have to pay;LinkCheck.

CoinMetrics

Displays all the gas costs that the DApp is consuming.

Glassnode

Etherscan also provides many other data indicator analysis functions about Ethereum, you can click here

Link

Check.

IntotheBlock

If you do not analyze DeFi data, CoinMetrics should be regarded as a good blockchain analysis tool, and it is also one of the best institutional-level data providers. Its services cover almost all mainstream blockchain information on the market, Token prices, token counts, mining data, supply data points, and more, all with high-fidelity data that can be visually compared in easy-to-use graphing tools.

Skew

Another versatile encrypted data provider is Glassnode, whose tools can also display a variety of charts and dashboards.

For example, you can view the holdings and the whale movement chart on Glassnode (this chart can show information about whales holding 1000+ BTC). By collecting the market behavior information of these long-term HOLDers, you can gain a deeper understanding of the market.

In addition, you can also get some important but often overlooked metrics to compare blockchains, such as information on the proportion of revenue from fees to miners (this is a bit like security spending of the network).

IntotheBlock is an on-chain market analysis tool. Through some unique charts, it can effectively supplement users' due diligence work on encryption projects, such as inflow and outflow of funds, market depth of transaction order book, etc.

Skew's "Analytics" tool has done a job that many people have tried to do but failed to do-encrypted derivatives data analysis. The tool provides Bitcoin futures/options and Ethereum futures/options analysis charts. All data points required by the user are covered.

Messari

skew focuses on institutional clients and provides analysis services for a real-time overview of the cryptocurrency derivatives market, including more than 100 encrypted futures and options charts, and many of its launched or upcoming tools have a Bloomberg terminal style. The skewTrading platform will initially focus on over-the-counter (OTC) execution of block trades in bitcoin options and futures contracts offered by CME.

skew was founded in September 2018 by Emmanuel Goh and Tim Noat, the two co-founders previously worked as equity derivatives traders at JP Morgan and Citibank in the United States.

• Given the growing popularity of cryptocurrency derivatives, using Skew to analyze cryptocurrency market structure can be particularly useful. Especially during this year's "Black Thursday" on March 12th, the skew analysis tool has proven to withstand the market stress test.

• London-based skew is gaining attention for its rapid growth in the cryptocurrency derivatives trading market. Lianwen once reported that skew had received US$2 million in seed round funding in September last year. This round of financing was led by FirstMinute Capital, and participating investors included Seedcamp, Kima Ventures, QCP Capital and Kleiner Perkins. The company raised another $5 million in funding in the first half of the year, when it also announced the launch of its trade execution platform, in a round led by Octopus Ventures, a London-based £1.2 billion venture capital fund.

• Messari provides core screening tools that allow users to understand short- and long-term token price movements, while compiling multiple portfolios to track some of the market-leading cryptocurrency funds.

The Messari charting tool can track various year-to-date metrics such as:

Market performance of Bitcoin vs. traditional assets;

Inflation rate for the past year;

The real trading volume of some of the top stablecoins with the largest market capitalization.

Messari also provides a useful encrypted data tool: Liquid supply curves, users can find this tool on the corresponding asset page.

On the other hand, one of the most difficult but most important evaluation factors for users to understand before making investment decisions is the inflation rate of the token supply. Messari works closely with token projects and discloses registration information to understand the most accurate token supply. Coin release schedule to inform users when the market may face selling pressure. The token circulation information provided by Messari is relatively accurate.

Lianwen Editor's Choice: DeBank

According to the tweets and published articles of Messari analyst Jack Purdy, the editor of Lianwen sorted out the most useful cryptocurrency analysis data tools recommended by him, and found that he had missed the Chinese team. It must be said that in terms of data sharing of DeFi products, the team from China DeBank deservedly selected as "the most practical and comprehensive DeFi data tool". This is also the favorite DeFi data analysis tool of Lianwen's editorial team.

In addition, due to the extremely fast speed of DeFi products, DeBank is very fast in providing data on emerging DeFi products.

Summarize

It is particularly worth mentioning that DeBank has launched DeFi "real lock-up volume" data-this is the lock-up volume data after excluding the endogenous assets of the DeFi ecosystem. The Ethereum DeFi ecosystem generally refers to the total lock-up volume (TVL) data as the most important indicator. However, due to the problem of double counting when some assets are re-mortgaged, the real lock-up volume data of DeBank will exclude this part. Raw assets" or "derivative tokens" (such as LP Token, cToken, yToken), only real assets such as ETH, USDC, USDT, and platform currency are counted. This data has more reference value.

In addition, DeBank also provides a decentralized trading platform "comparison trading" function to help users find the best quotation among many DEXs and complete transactions on the chain.